Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 81324-81326 [2015-32700]

Download as PDF 81324 Federal Register / Vol. 80, No. 249 / Tuesday, December 29, 2015 / Notices Affected Public: This form affects entities involved in the export of U.S. goods and services. Annual Number of Respondents: 50. Estimated Time per Respondent: 10 minutes. Annual Burden Hours: 8.3 hours. Frequency of Reporting or Use: As needed. Government Expenses: Reviewing time per year: 12 hours. Average Wages per Hour: $42.50. Average Cost per Year (time * wages): $510. Benefits and Overhead: 20%. Total Government Cost: $612. SUPPLEMENTARY INFORMATION: Bonita Jones-McNeil, Program Analyst, Agency Clearance Officer. [FR Doc. 2015–32714 Filed 12–28–15; 8:45 am] BILLING CODE 6690–01–P EXPORT-IMPORT BANK OF THE U.S. [Public Notice 2015–3016] Agency Information Collection Activities: Final Collection; Comment Request Export-Import Bank of the U.S. Submission for OMB review and comments request. AGENCY: asabaliauskas on DSK5VPTVN1PROD with NOTICES ACTION: Form Title: EIB 99–14 Export-Import Bank Trade Reference form. SUMMARY: The Export-Import Bank of the United States (Ex-Im Bank), as a part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal Agencies to comment on the proposed information collection, as required by the Paperwork Reduction Act of 1995. This collection of information is necessary, pursuant to 12 U.S.C. Sec. 635 (a) (1), to determine whether or not a company has a good payment history. This form will enable Ex-Im Bank to make a credit decision on a foreign buyer credit limit request submitted by a new or existing policy holder. Additionally, this form is used by those Ex-Im Bank policy holders granted delegated authority to commit the Bank to a foreign buyer credit limit. The form can be viewed at http:// www.exim.gov/sites/default/files/pub/ pending/eib99–14.pdf. DATES: Comments should be received on or before January 28, 2016 to be assured of consideration. ADDRESSES: Comments may be submitted electronically on WWW.REGULATIONS.GOV or by mail to Office of Information and Regulatory Affairs, 725 17th Street NW., Washington, DC 20038, Attn: OMB 3048–0042. VerDate Sep<11>2014 20:53 Dec 28, 2015 Jkt 238001 Titles and Form Number: EIB 99–14 Export-Import Bank Trade Reference form. OMB Number: 3048–0042. Type of Review: Regular. Need and Use: This form provides essential credit information used by ExIm Bank credit officers when analyzing requests for export credit insurance/ financing support, both short-term (360 days and less) and medium-term (longer than 360 days), for the export of their U.S. goods and services. Additionally, this form is an integral part of the short term Multi-Buyer export credit insurance policy for those policy holders granted foreign buyer discretionary credit limit authority (DCL). Multi-Buyer policy holders given DCL authority may use this form as the sole source or one piece among several sources of credit information for their internal foreign buyer credit decision which, in turn, commits Ex-Im’s insurance. Affected Public: This form affects entities involved in the export of U.S. goods and services. Annual Number of Respondents: 6,500. Estimated Time per Respondent: 15 minutes. Annual Burden Hours: 1,625 hours. Frequency of Reporting or Use: As needed. Government Expenses: Reviewing time per year: 1,625 hours. Average Wages per Hour: $42.50. Average Cost per Year: $69,062. (time * wages) Benefits and Overhead: 20%. Total Government Cost: $82,875. Bonita Jones-McNeil, Program Analyst, Records Management Division, Office of the Chief Information Officer. [FR Doc. 2015–32717 Filed 12–28–15; 8:45 am] BILLING CODE 6690–01–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB Board of Governors of the Federal Reserve System. SUMMARY: Notice is hereby given of the final approval of proposed information collections by the Board of Governors of the Federal Reserve System (Board) under OMB delegated authority. Boardapproved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the AGENCY: PO 00000 Frm 00053 Fmt 4703 Sfmt 4703 Paperwork Reduction Act Submission, supporting statements and approved collection of information instruments are placed into OMB’s public docket files. The Federal Reserve may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB control number. FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202) 452–3829. Telecommunications Device for the Deaf (TDD) users may contact (202) 263–4869, Board of Governors of the Federal Reserve System, Washington, DC 20551. OMB Desk Officer—Shagufta Ahmed—Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW., Washington, DC 20503. Final approval under OMB delegated authority of the extension for three years, without revision, of the following reports: 1. Report title: Consolidated Bank Holding Company Report of Equity Investments in Nonfinancial Companies and the Annual Report of Merchant Banking Investments Held for an Extended Period. Agency form number: FR Y–12, FR Y12A, respectively. OMB control number: 7100–0300. Frequency: FR Y–12: quarterly or semi-annually, FR Y–12A: annually. Reporters: Bank holding companies (BHCs), financial holding companies (FHCs) and savings and loan holding companies (SLHCs). Estimated annual reporting hours: FR Y–12: 1,650 hours, FR Y–12A: 133 hours. Estimated average hours per response: FR Y–12: 16.5 hours, FR Y–12A: 7 hours. Number of respondents: FR Y–12: 28, FR Y–12A: 19. General description of report: This collection of information is mandatory and authorized to be collected from BHCs and FHCs pursuant to Section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)(1)(A)) and from SLHCs pursuant to section 10 of the Home Owners Loan Act (12 U.S.C. 1467a(b)). Overall, the Federal Reserve does not consider the data collected on the FR Y– 12 to be confidential. However, a holding company may request E:\FR\FM\29DEN1.SGM 29DEN1 asabaliauskas on DSK5VPTVN1PROD with NOTICES Federal Register / Vol. 80, No. 249 / Tuesday, December 29, 2015 / Notices confidential treatment pursuant to sections (b)(4) of the Freedom of Information Act (FOIA) (5 U.S.C. 552(b)(4)). The Federal Reserve considers the data collected on the FR Y–12A to be confidential pursuant to sections (b)(4) and (b)(8) of FOIA (5 U.S.C. 552(b)(4) and (b)(8)). Abstract: The FR Y–12 collects information from certain domestic BHCs and SLHCs on their equity investments in nonfinancial companies. The FR Y– 12 data serve as an important riskmonitoring device for institutions active in this business line by allowing supervisory staff to monitor an institution’s activity between review dates. They also serve as an early warning mechanism to identify institutions whose activities in this area are growing rapidly and therefore warrant special supervisory attention. The FR Y–12A is filed annually by institutions that hold merchant banking investments that are approaching the end of the holding period permissible under Regulation Y. The FR Y–12A data continue to be a useful tool for examiners to monitor institutions that have merchant banking investments that are approaching holding period limitations. Current Actions: On October 22, 2015, the Federal Reserve published a notice in the Federal Register (80 FR 64000) requesting public comment for 60 days on the extension, without revision, of the FR Y–12 and FR Y–12A. The comment period for this notice expired on December 21, 2015. The Federal Reserve did not receive any comments. The information collection will be extended for three years, without revision, as proposed. 2. Report title: Bank Secrecy Act Suspicious Activity Report (BSA–SAR). Agency form number: FR 2230. OMB control number: 7100–0212. Frequency: On occasion. Reporters: State member banks (SMBs), BHCs and their nonbank subsidiaries, Edge and agreement corporations, and the U.S. branches and agencies, representative offices, and nonbank subsidiaries of foreign banks supervised by the Federal Reserve. Estimated annual reporting hours: 159,071 hours. Estimated average hours per response: 1.5 hours. Number of respondents: 5,489. General description of report: The BSA–SAR is required by law, pursuant to authority contained in the following statutes: 12 U.S.C. 248(a)(1), 3105(c)(2), 3106(a), and 625 of the International Banking Act, 12 U.S.C. 1844(c) of the Bank Holding Company Act, and 12 U.S.C. 1818(s) of the Federal Deposit VerDate Sep<11>2014 19:17 Dec 28, 2015 Jkt 238001 Insurance Act. The obligation to file a SAR is set forth in the Board’s rules, and is mandatory for SMBs (12 CFR 208.62(c)); entities subject to the Bank Holding Company Act and their nonbank subsidiaries (12 CFR 225.4(f)); Edge and agreement corporations (12 CFR 211.5(k)); and U.S. branches, agencies, and representative offices of foreign banks (12 CFR 211.24(f)). BSA– SARs are exempt from FOIA disclosure by 31 U.S.C. 5319, which specifically provides that SARS ‘‘are exempt from disclosure under section 552 of title 5’’, and FOIA exemption 3, 5 U.S.C. 552(b)(3) (matters ‘‘specifically exempted from disclosure by statute’’). Abstract: Since 1996, the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Department of the Treasury’s Financial Crimes Enforcement Network have required certain types of financial institutions to report known or suspected violations of law and suspicious transactions. To fulfill these requirements, supervised banking organizations file SARs. Law enforcement agencies use the information submitted on the reporting form to initiate investigations and the Federal Reserve uses the information in the examination and oversight of supervised institutions. Current Actions: On October 22, 2015, the Federal Reserve published a notice in the Federal Register (80 FR 64000) requesting public comment for 60 days on the extension, without revision, of the Bank Secrecy Act Suspicious Activity Report. The comment period for this notice expired on December 21, 2015. The Federal Reserve did not receive any comments. The information collection will be extended for three years, without revision, as proposed. 3. Report title: Domestic Branch Notification. Agency form number: FR 4001. OMB control number: 7100–0097. Frequency: On occasion. Reporters: SMBs. Estimated annual reporting hours: 131 hours. Estimated average hours per response: 30 minutes for expedited notifications and 1 hour for nonexpedited notifications. Number of respondents: 60 expedited and 101 nonexpedited. General description of report: Section 9(3) of the Federal Reserve Act, (12 U.S.C. 321), requires that SMBs obtain prior Federal Reserve approval before establishing a domestic branch. This requirement is implemented by the provisions of Section 208.6 of the PO 00000 Frm 00054 Fmt 4703 Sfmt 4703 81325 Board’s Regulation H, (12 CFR 208.6). The obligation of SMBs to request prior approval of the appropriate supervising Reserve Bank in order to establish a domestic branch is mandatory. The individual respondent information in the notification is not considered confidential. Abstract: The Federal Reserve Act and Regulation H require an SMB to seek prior approval of the Federal Reserve System before establishing or acquiring a domestic branch. Such requests for approval must be filed as notifications at the appropriate Reserve Bank for the SMB. Due to the limited information that an SMB generally has to provide for branch proposals, there is no formal reporting form for a domestic branch notification. An SMB is required to notify the Federal Reserve by letter of its intent to establish one or more new branches and provide with the letter evidence that public notice of the proposed branch(es) has been published by the SMB in the appropriate newspaper(s). The Federal Reserve uses the information provided to fulfill its statutory obligation to review any public comment on proposed branches before acting on the proposals and otherwise to supervise SMBs. Current Actions: On October 22, 2015, the Federal Reserve published a notice in the Federal Register (80 FR 64000) requesting public comment for 60 days on the extension, without revision, of the Domestic Branch Notification. The comment period for this notice expired on December 21, 2015. The Federal Reserve did not receive any comments. The information collection will be extended for three years, without revision, as proposed. 4. Report title: Disclosure Requirements in Connection With Subpart H of Regulation H (Consumer Protections in Sales of Insurance). Agency form number: Reg H–7. OMB control number: 7100–0298. Frequency: On occasion. Reporters: State member banks. Estimated annual reporting hours: 13,372 hours. Estimated average hours per response: 1.5 minutes Number of respondents: 849. General description of report: Section 305 of the Gramm-Leach-Bliley Act of 1999 requires that the Federal Reserve and the other federal banking agencies issue joint regulations applicable to retail sales practices, solicitations, advertising, or offers of insurance by depository institutions. (12 U.S.C. 1831x) Subpart H of the Federal Reserve’s Regulation H, Consumer Protection in Sales of Insurance, implements section 305 on behalf of the E:\FR\FM\29DEN1.SGM 29DEN1 81326 Federal Register / Vol. 80, No. 249 / Tuesday, December 29, 2015 / Notices Federal Reserve, and provides for the disclosures outlined above. (12 CFR part 208, subpart H) The obligation of SMBs to make these disclosures is mandatory. Since the Federal Reserve does not collect any information, no issue of confidentiality normally arises. Abstract: Subpart H of Regulation H was adopted pursuant to section 305 of the Gramm-Leach-Bliley Act of 1999, which required the federal banking agencies to issue joint regulations governing retail sales practices, solicitations, advertising, and offers of insurance by, on behalf of, or at the offices of insured depository institutions. The insurance consumer protection rules in Regulation H require depository institutions to prepare and provide certain disclosures to consumers. Covered persons are required to make certain disclosures before the completion of the initial sale of an insurance product or annuity to a consumer and at the time a consumer applies for an extension of credit in connection with which and insurance product or annuity is solicited, offered, or sold. Current Actions: On October 22, 2015, the Federal Reserve published a notice in the Federal Register (80 FR 64000) requesting public comment for 60 days on the extension, without revision, of the Disclosure Requirements in Connection With Subpart H of Regulation H. The comment period for this notice expired on December 21, 2015. The Federal Reserve did not receive any comments. The information collection will be extended for three years, without revision, as proposed. Board of Governors of the Federal Reserve System, December 23, 2015. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2015–32700 Filed 12–28–15; 8:45 am] BILLING CODE 6210–01–P FEDERAL TRADE COMMISSION [File No. 132 3115] Oracle Corporation; Analysis of Proposed Consent Order To Aid Public Comment Federal Trade Commission. Proposed consent agreement. asabaliauskas on DSK5VPTVN1PROD with NOTICES AGENCY: ACTION: The consent agreement in this matter settles alleged violations of federal law prohibiting unfair or deceptive acts or practices. The attached Analysis to Aid Public Comment describes both the allegations in the draft complaint and the terms of the consent order—embodied in the consent SUMMARY: VerDate Sep<11>2014 19:17 Dec 28, 2015 Jkt 238001 agreement—that would settle these allegations. DATES: Comments must be received on or before January 20, 2016. ADDRESSES: Interested parties may file a comment at https:// ftcpublic.commentworks.com/ftc/ oracleconsent online or on paper, by following the instructions in the Request for Comment part of the SUPPLEMENTARY INFORMATION section below. Write ‘‘In the Matter of Oracle Corporation,—Consent Agreement; File No. 132 3115’’ on your comment and file your comment online at https:// ftcpublic.commentworks.com/ftc/ oracleconsent by following the instructions on the web-based form. If you prefer to file your comment on paper, write ‘‘In the Matter of Oracle Corporation,—Consent Agreement; File No. 132 3115’’ on your comment and on the envelope, and mail your comment to the following address: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Avenue NW., Suite CC–5610 (Annex D), Washington, DC 20580, or deliver your comment to the following address: Federal Trade Commission, Office of the Secretary, Constitution Center, 400 7th Street SW., 5th Floor, Suite 5610 (Annex D), Washington, DC 20024. FOR FURTHER INFORMATION CONTACT: Andrea Arias (202) 326–2715 or Jacqueline Conner (202) 326–2844, Bureau of Consumer Protection, 600 Pennsylvania Avenue NW., Washington, DC 20580. SUPPLEMENTARY INFORMATION: Pursuant to Section 6(f) of the Federal Trade Commission Act, 15 U.S.C. 46(f), and FTC Rule 2.34, 16 CFR 2.34, notice is hereby given that the above-captioned consent agreement containing consent order to cease and desist, having been filed with and accepted, subject to final approval, by the Commission, has been placed on the public record for a period of thirty (30) days. The following Analysis to Aid Public Comment describes the terms of the consent agreement, and the allegations in the complaint. An electronic copy of the full text of the consent agreement package can be obtained from the FTC Home Page (for December 21, 2015), on the World Wide Web at: http:// www.ftc.gov/os/actions.shtm. You can file a comment online or on paper. For the Commission to consider your comment, we must receive it on or before January 20, 2016. Write ‘‘In the Matter of Oracle Corporation,—Consent Agreement; File No. 132 3115’’ on your comment. Your comment—including your name and your state—will be placed on the public record of this PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 proceeding, including, to the extent practicable, on the public Commission Web site, at http://www.ftc.gov/os/ publiccomments.shtm. As a matter of discretion, the Commission tries to remove individuals’ home contact information from comments before placing them on the Commission Web site. Because your comment will be made public, you are solely responsible for making sure that your comment does not include any sensitive personal information, like anyone’s Social Security number, date of birth, driver’s license number or other state identification number or foreign country equivalent, passport number, financial account number, or credit or debit card number. You are also solely responsible for making sure that your comment does not include any sensitive health information, like medical records or other individually identifiable health information. In addition, do not include any ‘‘[t]rade secret or any commercial or financial information which . . . is privileged or confidential,’’ as discussed in Section 6(f) of the FTC Act, 15 U.S.C. 46(f), and FTC Rule 4.10(a)(2), 16 CFR 4.10(a)(2). In particular, do not include competitively sensitive information such as costs, sales statistics, inventories, formulas, patterns, devices, manufacturing processes, or customer names. If you want the Commission to give your comment confidential treatment, you must file it in paper form, with a request for confidential treatment, and you have to follow the procedure explained in FTC Rule 4.9(c), 16 CFR 4.9(c).1 Your comment will be kept confidential only if the FTC General Counsel, in his or her sole discretion, grants your request in accordance with the law and the public interest. Postal mail addressed to the Commission is subject to delay due to heightened security screening. As a result, we encourage you to submit your comments online. To make sure that the Commission considers your online comment, you must file it at https:// ftcpublic.commentworks.com/ftc/ oracleconsent by following the instructions on the web-based form. If this Notice appears at http:// www.regulations.gov/#!home, you also may file a comment through that Web site. If you file your comment on paper, write ‘‘In the Matter of Oracle 1 In particular, the written request for confidential treatment that accompanies the comment must include the factual and legal basis for the request, and must identify the specific portions of the comment to be withheld from the public record. See FTC Rule 4.9(c), 16 CFR 4.9(c). E:\FR\FM\29DEN1.SGM 29DEN1

Agencies

[Federal Register Volume 80, Number 249 (Tuesday, December 29, 2015)]
[Notices]
[Pages 81324-81326]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-32700]


=======================================================================
-----------------------------------------------------------------------

FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: Notice is hereby given of the final approval of proposed 
information collections by the Board of Governors of the Federal 
Reserve System (Board) under OMB delegated authority. Board-approved 
collections of information are incorporated into the official OMB 
inventory of currently approved collections of information. Copies of 
the Paperwork Reduction Act Submission, supporting statements and 
approved collection of information instruments are placed into OMB's 
public docket files. The Federal Reserve may not conduct or sponsor, 
and the respondent is not required to respond to, an information 
collection that has been extended, revised, or implemented on or after 
October 1, 1995, unless it displays a currently valid OMB control 
number.

FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance 
Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202) 
452-3829. Telecommunications Device for the Deaf (TDD) users may 
contact (202) 263-4869, Board of Governors of the Federal Reserve 
System, Washington, DC 20551.
    OMB Desk Officer--Shagufta Ahmed--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, 725 17th Street NW., Washington, DC 20503.
    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following reports:
    1. Report title: Consolidated Bank Holding Company Report of Equity 
Investments in Nonfinancial Companies and the Annual Report of Merchant 
Banking Investments Held for an Extended Period.
    Agency form number: FR Y-12, FR Y12A, respectively.
    OMB control number: 7100-0300.
    Frequency: FR Y-12: quarterly or semi-annually, FR Y-12A: annually.
    Reporters: Bank holding companies (BHCs), financial holding 
companies (FHCs) and savings and loan holding companies (SLHCs).
    Estimated annual reporting hours: FR Y-12: 1,650 hours, FR Y-12A: 
133 hours.
    Estimated average hours per response: FR Y-12: 16.5 hours, FR Y-
12A: 7 hours.
    Number of respondents: FR Y-12: 28, FR Y-12A: 19.
    General description of report: This collection of information is 
mandatory and authorized to be collected from BHCs and FHCs pursuant to 
Section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)(1)(A)) 
and from SLHCs pursuant to section 10 of the Home Owners Loan Act (12 
U.S.C. 1467a(b)). Overall, the Federal Reserve does not consider the 
data collected on the FR Y-12 to be confidential. However, a holding 
company may request

[[Page 81325]]

confidential treatment pursuant to sections (b)(4) of the Freedom of 
Information Act (FOIA) (5 U.S.C. 552(b)(4)). The Federal Reserve 
considers the data collected on the FR Y-12A to be confidential 
pursuant to sections (b)(4) and (b)(8) of FOIA (5 U.S.C. 552(b)(4) and 
(b)(8)).
    Abstract: The FR Y-12 collects information from certain domestic 
BHCs and SLHCs on their equity investments in nonfinancial companies. 
The FR Y-12 data serve as an important risk-monitoring device for 
institutions active in this business line by allowing supervisory staff 
to monitor an institution's activity between review dates. They also 
serve as an early warning mechanism to identify institutions whose 
activities in this area are growing rapidly and therefore warrant 
special supervisory attention. The FR Y-12A is filed annually by 
institutions that hold merchant banking investments that are 
approaching the end of the holding period permissible under Regulation 
Y. The FR Y-12A data continue to be a useful tool for examiners to 
monitor institutions that have merchant banking investments that are 
approaching holding period limitations.
    Current Actions: On October 22, 2015, the Federal Reserve published 
a notice in the Federal Register (80 FR 64000) requesting public 
comment for 60 days on the extension, without revision, of the FR Y-12 
and FR Y-12A. The comment period for this notice expired on December 
21, 2015. The Federal Reserve did not receive any comments. The 
information collection will be extended for three years, without 
revision, as proposed.
    2. Report title: Bank Secrecy Act Suspicious Activity Report (BSA-
SAR).
    Agency form number: FR 2230.
    OMB control number: 7100-0212.
    Frequency: On occasion.
    Reporters: State member banks (SMBs), BHCs and their nonbank 
subsidiaries, Edge and agreement corporations, and the U.S. branches 
and agencies, representative offices, and nonbank subsidiaries of 
foreign banks supervised by the Federal Reserve.
    Estimated annual reporting hours: 159,071 hours.
    Estimated average hours per response: 1.5 hours.
    Number of respondents: 5,489.
    General description of report: The BSA-SAR is required by law, 
pursuant to authority contained in the following statutes: 12 U.S.C. 
248(a)(1), 3105(c)(2), 3106(a), and 625 of the International Banking 
Act, 12 U.S.C. 1844(c) of the Bank Holding Company Act, and 12 U.S.C. 
1818(s) of the Federal Deposit Insurance Act. The obligation to file a 
SAR is set forth in the Board's rules, and is mandatory for SMBs (12 
CFR 208.62(c)); entities subject to the Bank Holding Company Act and 
their nonbank subsidiaries (12 CFR 225.4(f)); Edge and agreement 
corporations (12 CFR 211.5(k)); and U.S. branches, agencies, and 
representative offices of foreign banks (12 CFR 211.24(f)). BSA-SARs 
are exempt from FOIA disclosure by 31 U.S.C. 5319, which specifically 
provides that SARS ``are exempt from disclosure under section 552 of 
title 5'', and FOIA exemption 3, 5 U.S.C. 552(b)(3) (matters 
``specifically exempted from disclosure by statute'').
    Abstract: Since 1996, the Federal Reserve Board, the Office of the 
Comptroller of the Currency, the Federal Deposit Insurance Corporation, 
the National Credit Union Administration, and the Department of the 
Treasury's Financial Crimes Enforcement Network have required certain 
types of financial institutions to report known or suspected violations 
of law and suspicious transactions. To fulfill these requirements, 
supervised banking organizations file SARs. Law enforcement agencies 
use the information submitted on the reporting form to initiate 
investigations and the Federal Reserve uses the information in the 
examination and oversight of supervised institutions.
    Current Actions: On October 22, 2015, the Federal Reserve published 
a notice in the Federal Register (80 FR 64000) requesting public 
comment for 60 days on the extension, without revision, of the Bank 
Secrecy Act Suspicious Activity Report. The comment period for this 
notice expired on December 21, 2015. The Federal Reserve did not 
receive any comments. The information collection will be extended for 
three years, without revision, as proposed.
    3. Report title: Domestic Branch Notification.
    Agency form number: FR 4001.
    OMB control number: 7100-0097.
    Frequency: On occasion.
    Reporters: SMBs.
    Estimated annual reporting hours: 131 hours.
    Estimated average hours per response: 30 minutes for expedited 
notifications and 1 hour for nonexpedited notifications.
    Number of respondents: 60 expedited and 101 nonexpedited.
    General description of report: Section 9(3) of the Federal Reserve 
Act, (12 U.S.C. 321), requires that SMBs obtain prior Federal Reserve 
approval before establishing a domestic branch. This requirement is 
implemented by the provisions of Section 208.6 of the Board's 
Regulation H, (12 CFR 208.6). The obligation of SMBs to request prior 
approval of the appropriate supervising Reserve Bank in order to 
establish a domestic branch is mandatory. The individual respondent 
information in the notification is not considered confidential.
    Abstract: The Federal Reserve Act and Regulation H require an SMB 
to seek prior approval of the Federal Reserve System before 
establishing or acquiring a domestic branch. Such requests for approval 
must be filed as notifications at the appropriate Reserve Bank for the 
SMB. Due to the limited information that an SMB generally has to 
provide for branch proposals, there is no formal reporting form for a 
domestic branch notification. An SMB is required to notify the Federal 
Reserve by letter of its intent to establish one or more new branches 
and provide with the letter evidence that public notice of the proposed 
branch(es) has been published by the SMB in the appropriate 
newspaper(s). The Federal Reserve uses the information provided to 
fulfill its statutory obligation to review any public comment on 
proposed branches before acting on the proposals and otherwise to 
supervise SMBs.
    Current Actions: On October 22, 2015, the Federal Reserve published 
a notice in the Federal Register (80 FR 64000) requesting public 
comment for 60 days on the extension, without revision, of the Domestic 
Branch Notification. The comment period for this notice expired on 
December 21, 2015. The Federal Reserve did not receive any comments. 
The information collection will be extended for three years, without 
revision, as proposed.
    4. Report title: Disclosure Requirements in Connection With Subpart 
H of Regulation H (Consumer Protections in Sales of Insurance).
    Agency form number: Reg H-7.
    OMB control number: 7100-0298.
    Frequency: On occasion.
    Reporters: State member banks.
    Estimated annual reporting hours: 13,372 hours.
    Estimated average hours per response: 1.5 minutes
    Number of respondents: 849.
    General description of report: Section 305 of the Gramm-Leach-
Bliley Act of 1999 requires that the Federal Reserve and the other 
federal banking agencies issue joint regulations applicable to retail 
sales practices, solicitations, advertising, or offers of insurance by 
depository institutions. (12 U.S.C. 1831x) Subpart H of the Federal 
Reserve's Regulation H, Consumer Protection in Sales of Insurance, 
implements section 305 on behalf of the

[[Page 81326]]

Federal Reserve, and provides for the disclosures outlined above. (12 
CFR part 208, subpart H) The obligation of SMBs to make these 
disclosures is mandatory. Since the Federal Reserve does not collect 
any information, no issue of confidentiality normally arises.
    Abstract: Subpart H of Regulation H was adopted pursuant to section 
305 of the Gramm-Leach-Bliley Act of 1999, which required the federal 
banking agencies to issue joint regulations governing retail sales 
practices, solicitations, advertising, and offers of insurance by, on 
behalf of, or at the offices of insured depository institutions. The 
insurance consumer protection rules in Regulation H require depository 
institutions to prepare and provide certain disclosures to consumers. 
Covered persons are required to make certain disclosures before the 
completion of the initial sale of an insurance product or annuity to a 
consumer and at the time a consumer applies for an extension of credit 
in connection with which and insurance product or annuity is solicited, 
offered, or sold.
    Current Actions: On October 22, 2015, the Federal Reserve published 
a notice in the Federal Register (80 FR 64000) requesting public 
comment for 60 days on the extension, without revision, of the 
Disclosure Requirements in Connection With Subpart H of Regulation H. 
The comment period for this notice expired on December 21, 2015. The 
Federal Reserve did not receive any comments. The information 
collection will be extended for three years, without revision, as 
proposed.

    Board of Governors of the Federal Reserve System, December 23, 
2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-32700 Filed 12-28-15; 8:45 am]
 BILLING CODE 6210-01-P